'It's a crisis': Police rebuke feds after arrests made in Toronto airport gold heist
Peel Regional Police said $90,000 of the approximately $20 million worth of stolen gold has been recovered. Officers believe the gold has been used in financing firearms trafficking and slammed the Trudeau Liberals' bail system.
Peel Regional Police announced the arrest of five individuals in relation to the theft of 400 kilograms of pure gold that went missing from Pearson International Airport last year.
Canada-wide warrants have been issued for three additional men. Another individual is being held in custody in the United States under a warrant in the first.
All of the accused are from the Greater Toronto Area; one is a current Air Canada employee, and another is a former Air Canada worker.
The gold was first reported missing on April 18, 2023. The cargo arrived from Zurich, Switzerland, and contained 6,600 bars of .9999% pure gold valued at over $20 million. In addition, foreign currency valuing about $2.5 million Canadian was also stolen in the heist, according to police.
Peel Regional Police state that they are very frustrated with how individuals are released but that it is a part of the environment in Canada.
— Lincoln Jay (@lincolnmjay) April 17, 2024
Over $20 million in gold was stolen from Toronto Pearson International Airport. Of the accused, five have been arrested and charged.… pic.twitter.com/MPb5z0vC7k
Police told reporters that $90,000 of the gold has been recovered. Police believe that the remaining gold has been used to finance firearms trafficking. The suspect arrested in the United States was in possession of 65 illegal firearms.
The five men arrested have been released on bail with conditions to appear at the Ontario Court of Justice in Brampton. Peel Regional Police expressed frustration with the federal bail policy and how this theft puts the public at risk.
Peel Regional Police express frustration with the Trudeau Liberals' lack of focus on stolen cars.
— Lincoln Jay (@lincolnmjay) April 17, 2024
"We show up on one day and we find 600 stolen cars, and we try to explain this is a crisis"https://t.co/ZzvmvyaP8f pic.twitter.com/PaY9lJ1CcY
“This isn’t just about gold; this is about how gold becomes guns. It isn’t about stolen vehicles, it’s about how vehicles become guns," Peel Regional Chair Nando Iannicca said.
Iannicca also claimed to have recovered 600 stolen cars in Montreal, calling it a “crisis” while other levels of government focus on other issues.
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